Bitcoin/gold exchange rate falls below the support level maintained for 12 years

According to BlockBeats, on March 14th, the current exchange rate of Bitcoin against gold fell below the upward trend line, which has been maintained for over 12 years. Renowned analyst NorthStar stated that if Bitcoin stays below the gold trend line for a week or even a month, this breakthrough could signal the end of Bitcoin's 12 year bull market. Gold hits a new high, while Bitcoin's upward trend cools down. The drop in BTC/XAU ratio occurred when spot gold prices reached a new high of over $3000 per ounce on March 14th, and have risen by about 12.80% so far this year. In contrast, Bitcoin, often referred to as "digital gold," has fallen by 11% since 2025. According to data from the World Gold Council, as of March 14th, spot gold ETFs in the United States have attracted over $6.48 billion in inflows so far this year. Worldwide, the inflow of gold ETFs reached $23.18 billion. And the US spot Bitcoin ETF has seen nearly $1.46 billion in outflows so far this year.